India Trade Deficit 2024. However, imports saw a sharper increase, jumping. India’s trade deficit widened marginally in february as the nation’s import bill rose amid strong domestic demand and rising crude prices.
India’s overall deficit in merchandise trade stood at $240 billion as against a deficit of $265 billion a year ago. India’s trade deficit in january 2024 stood at $17.5 billion while in february 2023, it was $16.6 billion.
A Narrowing Trade Deficit Tends To Help Limit India’s Current.
India’s trade deficit widened marginally in february as the nation’s import bill rose amid strong domestic demand and rising crude prices.
Going Ahead, The Net Balance Under.
In fiscal year 2023, india’s exports to asean increased to $44 billion, up from $42.32 billion the previous year.
However, Imports Saw A Sharper Increase, Jumping.
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India's Trade Deficit In January 2024 Stood At $17.5 Billion While In February 2023, It Was $16.6 Billion.
The current account deficit is expected to increase to 3.5 percent of gdp in fy2022/23 as a result of both higher commodity prices and strengthening import demand.
An Increase Of 11.86% Over Usd 37.01 Billion In February 2023.
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor.
India Trade Balance Recorded A Deficit Of 15.6 Usd Bn In Mar 2024, Compared With A Deficit Of 18.7 Usd Bn In The Previous Month.